About the development of the switch industry

[Meishan, China, July 2, 2024] The application of cloud computing, big data, 5G, Internet of Things and other information technologies has brought new development opportunities for the network equipment industry. At the same time, the state continues to encourage and support information construction at the industrial policy level, such as "Internet +", industry 4.0 and new infrastructure, etc., and China's network equipment industry has ushered in development opportunities.

According to the "2019-2023 China Switch Industry Market Prospect Survey and Investment and Financing Strategy Research Report" released by the China Business Industry Research Institute, switches occupy the vast majority of the market share in China's network equipment market, and the market size will reach about 59.1 billion yuan in 2022, an increase of 17.96% year-on-year, and about 68.5 billion yuan in 2023. With the application of switches in various downstream network environments such as data center networks, park networks, and industrial Internet, China Business Industry Research Institute analysts predict that the market size of China's switches will increase to 74.9 billion yuan in 2024.

With the acceleration of the release of the momentum of the development of the digital economy, the government and enterprises are accelerating the transformation of digital industrialization. In the process of digital industrialization transformation, the switch plays a vital role as an important network equipment for a new generation of infrastructure, which realizes the efficient transmission and exchange of data in the network. Therefore, the demand for the switch is rising rapidly, and the market prospect of the switch is improving.

The future switch industry is still full of vitality and challenges. With the continuous innovation of science and technology and the gradual improvement of the policy environment, we have reason to believe that the industry will usher in a better development prospect in the future.